Sr Associate- Third Party Risk Management

March 12, 2024

Sr Associate- Third Party Risk Management

ReferenceCIB008287

  • Standard / Permanent
  • IN-MH-Mumbai
  • RISK
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Job Description – APAC

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

 BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line / Function:

Corporate and Institutional Banking (CIB) – Third Party Risk Management (TPRM) team is part of CIB ITO function. TPRM Shared service center (SSC) based out of ISPL is focused on implementation of standardized and synergized global Target Operating Model (TOM) for Third Party Risk Management across CIB. The Target Operating Model is a consistent framework to meet stringent regulatory requirements leveraging a risk-based approach, unified processes and standardized tools.​​

Job Title:

Sr Associate: Third Party Risk Management (TPRM) 

Date:

 1st March 2024

Department:

CIB Q & E – TPRM

Location:

Mumbai

Business Line / Function:

CIB ITO

Reports to:

(Direct)

VP

Grade:

(if applicable)

Senior Associate

(Functional)

Number of Direct Reports:

0 (Individual contributor)

Directorship / Registration:

NA

Responsibilities

The CIB ITO TPRM Governance is focused on development and deployment of robust control framework for all internal and external third-party services globally. CIB ITO Offshore TPRM business manager responsibilities includes but not limited to.

o    Working with owners of various businesses and processes across regions to map out existing third-party engagement processes, issues / gaps etc. Developing and deploying end state recommended process.

o    Partner and track identification, prioritization, development, implementation, and migration to platform of choice to host Third party engagements and corresponding reference data including interim solutions may be applicable.

o    Monitor and report KRIs / KPIs for TPRM globally.

o    Foster knowledge sharing, develop and administer educational series around outsourcing risks, regulations and governance to cross functional stakeholders.

o    Maintain comprehensive documentation required for clear communication with management and quicker decision making.

o    Adapt to ongoing change management protocol to amend / improve TP engagements processes and corresponding changes in strategic platform.

o    Added advantage of experience in latest technologies like robotics, citizen developed quick to market automations etc.

o    Establish & run robust operational processes with eye for detail.

o    Be a team player in a team of experienced professionals who have defined set of responsibilities and a variety of areas of focus.

o    Strong Controls mindset – experience in Risk /Controls domain would be an added advantage.

Skillset / Experience Required: A successful candidate for this position will have the following:

o    MS, MBA or other advanced degree.

o    Minimum of 8-10 years of experience in the financial services and/or managing firmwide programs and initiatives in risk and control functions

o    Understanding of Risk, Controls and regulatory environments, marketplace, and new technologies.

o    Good program management and communication skills background working with multiple stakeholders from different business lines, functions, and regions.

o    Experience in maintaining strong KPIs, KRIs and other critical metrics that support firmwide programs as well as frequent reporting and presentation to management.

o    Demonstrate excellent analytical rigor and logical thinking with a continuous process improvement mindset. 

o    Self-disciplined individual who can analyse complex issues, drive resolution and diligently track progress on the status;

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